Radio Access Network Market Analysis: Insights into Market Size, Share, and Growth Forecast Amid 5G Revolution

The radio access network market size has grown rapidly in recent years. It will grow from $18.72 billion in 2023 to $21.33 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. The growth in the historic period can be attributed to growing investments in smart technologies, increasing demand for wireless connectivity, increasing demand for cloud radio access networks (C-RAN), growing adoption of mobile devices, increasing use of distributed antenna systems (DAS).

The radio access network market size is expected to see rapid growth in the next few years. It will grow to $36.51 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to increasing mobile data traffic, increasing demand for high-speed internet, increasing demand for mobile broadband services, rise in IoT, automotive, and consumer electronics, increasing adoption of cloud-based radio access networks. Major trends in the forecast period include adoption of advanced technologies such as 5G, enhanced security protocols in RAN, technological advancement, enhancements in radio resource management (RRM), advanced antenna technologies.

Market Overview -
A radio access network (RAN) refers to the part of a mobile telecommunications system responsible for connecting individual devices to the core network through wireless connections. The RAN consists of radio base stations and other equipment communicating wirelessly with user devices over the air interface. It is crucial for providing wireless coverage and capacity to users, enabling mobile operators to deliver services efficiently.

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Mobile Data Traffic's Impact On Radio Access Network Market Growth
The increasing mobile data traffic is expected to propel the growth of the radio access network market going forward. Mobile data traffic refers to transmitting digital information over cellular networks, typically including internet browsing, app usage, and media streaming accessed via mobile devices. Mobile data traffic is increasing due to the proliferation of smartphones, the growing popularity of data-intensive applications, and the expanding availability of high-speed mobile networks. Radio access networks aid in growing mobile data traffic by providing infrastructure enhancements, such as advanced antennas and base stations, to support faster data speeds and expanded network coverage, thereby accommodating the growing demand for data-intensive applications and services. For instance, according to the Cellular Telecommunications Industry Association, a US-based non-profit organization, U.S. cellular networks handled 73 trillion megabytes (MB) of data traffic in 2022, 38% more than the previous year. Therefore, the increasing mobile data traffic is driving the growth of the radio access network market.

Competitive Landscape -
Major companies operating in the radio access network market are Samsung Electronics Co. Ltd., Verizon Communications Inc., AT&T Inc., Huawei Technologies Co. Ltd., Cisco Systems Inc., Qualcomm Technologies Inc., Nokia Corporation, Telefonaktiebolaget LM Ericsson, Cap Gemini SA, ZTE Corporation, CommScope Holding Company Inc., Juniper Networks Inc., Ciena Corporation, Fujitsu Limited, Infinera Corporation, NEC Corporation, Huber+Suhner AG, Ceragon Networks Ltd., Aviat Networks Inc., Cambium Networks Corporation, Parallel Wireless Inc., Airspan Networks Inc., Askey Computer Corp., Alpha Wireless Ltd., Baicells Technologies Co. Ltd

Advancements In Radio Access Network Compute Silicon
Major companies operating in the radio access network market focus on advanced technologies, such as radio access network compute silicon, to improve network functionality and performance. Radio access network compute silicon is a specialized hardware component designed to perform computing tasks within the radio access network infrastructure. For instance, in November 2023, Telefonaktiebolaget LM Ericsson, a Sweden-based technology company, introduced RAN compute silicon designed to support demanding 5G-advanced and enhanced artificial intelligence (AI) algorithms. This portfolio includes high-capacity processors like RAN Processor 6672 and Radio Processor 6372, as well as high-capacity, energy-efficient routers such as Router 6678 and Router 6671. These products are hardware-ready for Open RAN deployments and offer built-in intelligence for AI analytics and automation. Radio access network compute silicon enhances network performance, security, and efficiency by offloading compute-intensive tasks and enabling accelerated processing within the Radio Access Network infrastructure.

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Key Segments -

The radio access network market covered in this report is segmented -

1) By Component: Infrastructure, Software
2) By Technology: 2G, 3G, 4G, 5G
3) By Architecture: Centralized Radio Access Network (C-RAN), Distributed Radio Access Network (D-RAN)
4) By End User: Residential, Enterprise

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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